Tax Optimization Is an Art

20 September 2010

Bulgaria has established double tax agreements with more than 65 countries, including all major economies all around the globe.
These have been proved in time, as most of them have been signed 20+ years ago and yet more are about to be established.
Bulgarian Government is also planning to include even more articles which will easen the tax policies between the countries. For the complete list please visit the site of the Bulgarian Revenue Agency here.

Local HR Market Expanding

January 16th, 2011

16 September 2010

Layoffs from International Suppliers attractive Personnel to the Local HR Market

Due to the unstable global economic climate, many companies shrink their personnel or outsource it to better locations like Bulgaria.

In the past couple of years, the HR business is flourishing due to the big interest of foreign employers to open their offices here. Low costs and high percent-age of well-educated people are the main incentives for the investors from all around the globe.

No Tax Increase Until 2015

January 15th, 2011

08 September 2010

Bulgaria Unlikely to Increase Personal and Corporate Tax Rates in the Next Five Years

Stable currency board system and low inflation are the main contributors for the good news.

Apart from that the Bulgarian Government has introduced actions for regulation of the income from VAT and excise duty.